Itc has broken out of range and also formed cup and handle kind

NSE:ITC has broken out of zone forming cup and handle kind of pattern. ADX also is giving signals for a start of new trend. It has a great potential to move upside but its a slow moving stock so option trading might not be a good option. Cmp is around 300 and is expected to move above 320/345/353 if these levels are crossed it will trade above 52 week highs.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.